Upper Limit

FEATURED ARTICLES ABOUT UPPER LIMIT - PAGE 3

NEW DELHI: Country's largest insurer LIC today launched a non unit-linked single premium product Jeevan Vaibhav with minimum premium of about Rs 95,000. The policy is on the traditional platform where risk cover is the sum assured, which is almost double the premium chosen by the customer and offers guaranteed returns at maturity, LIC said in a statement. The plan, which is an ideal combination of insurance and returns, would be available for a limited period only up to a maximum of 120 days.

NEW DELHI: Delhi Government today decided to expand scope of providing financial assistance to poor patients suffering from life threatening diseases like kidney and liver ailments. Health Minister A K Walia said government will now extend the benefit of the Delhi Arogya Kosh (DAK) to pensioners who fall within the eligibility criterion of the scheme. Under the scheme, government provides financial assistance to patients whose annual family income does not exceed Rs two lakh.

MUMBAI: Courier and logistics firm Blue Dart Express today skyrocketed by 20 per cent to hit the upper limit on bourses amid reports that its parent DHL Worldwide Express may buyout the company. Following the report, the stock zoomed by 20 per cent to hit the upper circuit of Rs 1,336.20 on the Bombay Stock Exchange, bucking the sluggish broader market trend. At the National Stock Exchange, the scrip attracted buyers and shot up by 20 per cent hitting an upper limit of Rs 1,334.95.

In an interview to ET Now, Vijay Bhambwani , BSPLindia.com gives his view on Bank Nifty. What is your view about Bank Nifty? I am bullish about Bank Nifty , if it were to trade above the 8425 levels consistently with the upper limit on the profit taking side and if the markets rally between 8575 - 8650. Here again, you get 50 to 70 points profit after you start to shave off your positions.

NEW DELHI: Realty industry, currently facing a slowdown, today hailed the economic package announced by the government, saying that it would boost the demand for housing in non-metros and bring back growth in the real estate sector. However, the developers felt that more steps were needed and the package should have included home loans borrowers up to Rs 50 lakh, instead of the prescribed limit of Rs 20 lakh. Commenting on the measures taken for the housing sector, DLF Group Executive Director Rajeev Talwar said the package would help economically weaker sections but will have limited impact in metros and super metros.

With a swelling forex kitty, the RBI has been gradually liberalising provisions relating to foreign currency transactions. Globalisation of business and services is the buzzword today and a lot of Indians are working for multinational and foreign companies, which sometimes offer their securities to them. In this context, let's take a look at the law on the transactions relating to foreign securities offered to individuals resident in India under ESOP as contained in the Foreign Exchange Management (Transfer or Issue of any Foreign Security)

NEW DELHI: Coriander prices hit a daily upper limit by suring 4.01 per cent to Rs 6,720 per quintal in futures trade today as speculators enlarged their holdings in line with a firming spot markets trend on strong demand. Sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the National Commodity and Derivative Exchange, coriander for April rose by Rs 259, or 4.01 per cent to Rs 6,720 per quintal, with an open interest of 32,680 lots.

MUMBAI: Shares of Kanoria Chemicals today rocketed nearly 20 per cent on BSE and NSE to their upper limit after Aditya Birla group firm, Aditya Birla Chemicals (India), said it will acquire the chloro chemicals division of KCIL for Rs 830 crore. Buoyed by the news, the Kanoria Chemicals & Industries' shares surged by 19.93 per cent to Rs 49.35 a piece on Bombay Stock Exchange (BSE). Similarly, Aditya Birla Chemicals (India) also witnessed heavy buying by investors and jumped by 7.12 per cent to a month's high of Rs 144.35.

When was the last time you pulled out a cheque for paying your SIP mutual fund investment? Do you still stand in the queue or drop a cheque in the drop box to pay off your electricity or telephone bills ? The situation can be quite tricky if your memory gives away. Mobile phone reminders, post-its to remind you to pay off a bill can be hassling. In the process, if you skipped the date, you would end up paying a penalty anywhere in the range of Rs 50 to Rs 200 depending on the service and the service provider.

NEW DELHI: Relaxing the norms for making payments using mobile phones , known as m-wallet, the Reserve Bank today decided to increase the limit of money-loading to Rs 50,000 from the existing limit of Rs 5,000. "The maximum value of such prepaid semi-closed m-wallet shall not exceed Rs 50,000," a RBI notification said. Leading mobile operators Bharti Airtel and Vodafone had tied up with SBI and ICICI Bank respectively to offer such facilities to their subscribers.